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“I THOUGHT MY LENDER WAS COVERING MY PROPERTY TAX?” Jason Scott, Edmonton Mortgage Broker, blog

“I Thought My Lender Was Covering My Property Tax?” How to Tell

June 27, 2022

It’s late June and people are getting their property taxes in the mail, and inevitably there’s the question of – “Hey, I thought my lender was covering the property tax and I don’t have to worry about this?” Here’s a quick and easy way to figure out if you need…

Don’t Make Your Possession Date June 30

Jason Scott

June 23, 2022

Purchasing a new home

Why shouldn’t you make June 30 your home possession date? Find out in this video: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, I’ll be your trusted partner who will help you get the right mortgage for your family home or…

CLOSING COSTS FOR A HOME PURCHASE, Jason Scott, Edmonton Mortgage broker

Navigating Closing Costs of a Home Purchase

Jason Scott

June 20, 2022

Purchasing a new home

Did you know mortgage lenders and mortgage default insurers will typically ask you to show between 1 and 1 1/2 % of the purchase price of a home for closing costs? This can mean, for example, an extra $4500 above and beyond your down payment for a home that cost…

What is the “Canadian Housing Market”?

Jason Scott

June 13, 2022

Mortgages

I have a pet peeve with the way the media talks about the “Canadian housing market.” The reality is that there’s more than one Canadian housing market! When the media talks about housing prices being up or down, they’re usually talking about prices in the Toronto or Vancouver markets. However,…

What Does the Bank of Canada Rate Increase Mean for Your Mortgage?

Jason Scott

June 3, 2022

Mortgages

It happened! The Bank of Canada increased its key lending rate by half a percent on Wednesday. Here’s what an interest rate increase means for you as a homeowner with a mortgage: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As an Edmonton Mortgage Associate, …

Fixed Rate Vs. Variable Rate Mortgages: What Should I Choose?

Jason Scott

May 16, 2022

Mortgages

A big question people have when it comes to mortgages is whether they should go with a fixed rate or a variable rate mortgage. In this video, I dive into the question and give some advice: About Jason Scott, Edmonton Mortgage Broker Looking for a personalized mortgage solution? As…

THE IMPACT OF RISING INTEREST RATES ON Your Mortgage, Jason Scott, Edmonton Mortgage broker

The Impact of Rising Interest Rates on the Amount You’re Qualified to Borrow

Jason Scott

May 16, 2022

Mortgages

There are situations where a person who takes a variable rate mortgage can qualify to borrow more than a person with a fixed rate mortgage – check out the video to learn more: Previous mortgage videos: What’s Going On With Interest Rates? Impact of a Recession Fixed Rate vs.…

Recessions, Interest Rates, and the Benefit of Variable Rate Mortgages

Jason Scott

May 16, 2022

Mortgages

What is a recession? A recession is two back to back quarters with negative growth. In other words the economy is shrinking over six months. What is the impact of a recession on mortgages? In the case of a recession, the Bank of Canada generally lowers their key rate, which…

What Going On With Interest Rates? Jason Scott, Edmonton Mortgage Broker, blog

What’s Going On With Interest Rates? How High Will They Go?

Jason Scott

May 9, 2022

Mortgages

A big question I get asked is how high interest rates will go, and how it will affect your mortgage. The big reasons they’re going up is fear of inflation, and cost of living increases. Check out the video for more of my thoughts on the rising interest rates: …

What is a purchase plug improvement mortgage? Edmonton Mortgage Broker Jason Scott

Financing the Purchase of a “Fixer-Upper”: What is a Purchase Plus Improvements Mortgage?

Mr. Bongo

March 7, 2022

Mortgages, Purchasing a new home

I’m Jason Scott, Edmonton Mortgage Broker, and today I’d like to talk about what a Purchase Plus Improvements mortgage is. Buying a new home can cost a lot of money. One way of cutting costs is to buy a home that is a “fixer-upper”. This can be beneficial for those…

News

“I Thought My Lender Was Covering My Property Tax?” How to Tell

Don’t Make Your Possession Date June 30

Navigating Closing Costs of a Home Purchase

What is the “Canadian Housing Market”?

What Does the Bank of Canada Rate Increase Mean for Your Mortgage?

Fixed Rate Vs. Variable Rate Mortgages: What Should I Choose?

The Impact of Rising Interest Rates on the Amount You’re Qualified to Borrow

Recessions, Interest Rates, and the Benefit of Variable Rate Mortgages

What’s Going On With Interest Rates? How High Will They Go?

Financing the Purchase of a “Fixer-Upper”: What is a Purchase Plus Improvements Mortgage?

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